Victrex (LON:VCT) Price Target Raised to GBX 870

Victrex (LON:VCT) had its target price raised by Berenberg Bank from GBX 680 to GBX 870 in a report issued on Friday morning, Marketbeat Ratings reports. The brokerage currently has a hold rating on the stock.

Several other research analysts have also recently issued reports on the company. JPMorgan Chase & Co. raised their target price on Victrex from GBX 625 to GBX 785 and gave the stock a “neutral” rating in a research report on Thursday. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 595 price objective on shares of Victrex in a research note on Tuesday, July 7th. Finally, Canaccord Genuity Group downgraded shares of Victrex to a “buy” rating and set a GBX 725 price objective on the stock. in a report on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of GBX 761.43.

Victrex Price Performance

LON VCT opened at GBX 966.97 on Friday. Victrex has a one year low of GBX 515 and a one year high of GBX 1,024. The stock has a 50-day moving average of GBX 793.07 and a 200 day moving average of GBX 675.72. The company has a debt-to-equity ratio of 21.30, a quick ratio of 1.99 and a current ratio of 2.35. The company has a market capitalization of £842.77 million, a price-to-earnings ratio of -43.17, a PEG ratio of 1.92 and a beta of 0.82.

Victrex Company Profile

Victrex plc, through its subsidiaries, engages in the manufacture and sale of polymer solutions worldwide. The company operates through two segments, Sustainable Solutions and Medical. It develops PEEK and PAEK based polymer solutions, and semi-finished and finished parts. The company also provides specialist solutions for medical device manufacturers; sells thermoplastic polymers; sustainable solutions for energy and industrial, VAR, automotive, aerospace, and electronics markets; and engages in trading activities.